RBC Capital lowered the firm’s price target on Smartsheet to $36 from $48 and keeps a Sector Perform rating on the shares. The company’s Q4 results were “mixed” with a “skinny” revenue and billings beat and underwhelming FY25 guidance, the analyst tells investors in a research note. The outlook was deemed “conservative” with cushion for new sales leadership, but Smartsheet’s SMB performance worsened further and saw little benefit from new initiatives, the firm added.
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